Bitcoin Miners Saw 33% Revenue Increase in December
Julia Cohen
Mining
3 years ago
1 QCP
Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk.
Extending November’s own 48% increase, miner revenues continued to soar as bitcoin (BTC, -2.41%) rallied over 300% last year, briefly trading above $29,000 for the first time ever on New Year’s Eve.
Revenue estimates assume miners sell their BTC immediately.
https://www.coindesk.com/bitcoin-mining-revenue-december-2020
Extending November’s own 48% increase, miner revenues continued to soar as bitcoin (BTC, -2.41%) rallied over 300% last year, briefly trading above $29,000 for the first time ever on New Year’s Eve.
Revenue estimates assume miners sell their BTC immediately.
https://www.coindesk.com/bitcoin-mining-revenue-december-2020
- Bitcoin
- BTC
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